Streetbeat News

Revenues

EWA

Australia's Consumer Price Index (CPI) for Q4 came in at 0.6%, lower than the estimated 0.8% and the previous 1.2%. This indicates a slower pace of inflation than expected.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:14 am

SYK

Stryker Corp (NYSE:SYK) reported Q4 adjusted earnings of $3.46 per share, surpassing estimates of $3.27 and showing a 15.33% increase from the previous year. Quarterly sales reached $5.82 billion, beating estimates of $5.60 billion and marking an 11.83% increase year-over-year. The company's adjusted operating income margin improved, and it projects 2024 organic net sales growth between 7.5% and 9.0% with adjusted EPS between $11.70 and $12.00, above the $11.56 estimate. Shares rose 3.53% to $328.00 in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 30, 2024 | 10:38 pm

ASH

Ashland projects Q2 sales to be between $565M-$585M, surpassing the estimated $561.06M. For FY24, the company anticipates sales of $2.15B-$2.25B, which is in line with the estimated $2.154B.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:26 pm

CB

Chubb Limited expressed confidence in its ability to sustain double-digit growth in operating earnings, attributing the positive outlook to factors such as property and casualty (P&C) revenue growth, underwriting margins, investment income, and life income.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:22 pm

FCF

First Commonwealth (NYSE:FCF) reported Q4 adjusted EPS of $0.44, surpassing the $0.39 estimate, marking a 12.82% year-over-year increase. However, their sales of $120.35M fell short of the expected $123.59M, a 2.62% miss, but still a 6.86% increase from the previous year.

Portfolio Pulse from mahesh@benzinga.com

January 30, 2024 | 10:06 pm

APOG

Apogee Enterprises announced strategic changes under Project Fortify, including workforce reduction by 250 employees, elimination of lower-margin products, and consolidation of its Architectural Framing Systems segment. Production will be transferred from Michigan to facilities in Missouri and Wisconsin.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:59 pm

ERJ

Embraer reported a 13% increase in deliveries for 2023 year-over-year, with its backlog reaching $18.7 billion, which is an increase of $1.2 billion from the previous year.

Portfolio Pulse from Charles Gross

January 30, 2024 | 9:57 pm

SBUX

Starbucks Corp (NASDAQ:SBUX) reported an 8% increase in Q1 revenue to $9.4 billion, missing the consensus estimate of $9.59 billion. Earnings per share were 90 cents, below the expected 93 cents. Global comparable store sales rose 5%, with a 5% increase in North America, 10% in China, and 7% internationally. Rewards memberships grew by 13% to 34.3 million. The company opened 549 new stores, reaching 38,587 locations. CEO Laxman Narasimhan emphasized the brand's strength and focus on innovation. Starbucks stock rose 2.73% after hours to $96.61.

Portfolio Pulse from Adam Eckert

January 30, 2024 | 9:37 pm

UPC

Universe Pharmaceuticals reported FY23 revenues of $32.3 million. The financial performance details of the company, which is likely listed as UPC, are not provided beyond the revenue figure.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:34 pm

HA

Hawaiian Holdings, the parent company of Hawaiian Airlines, anticipates an increase in Available Seat Miles (ASMs) for Q1 by 2.5% to 5.5%. However, they also forecast a Revenue per Available Seat Mile (RASM) to be down by 1.0% or up by 2.0%.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:29 pm